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Student-Founded Company Receives $250k in Venture Funding

Campus.News is reporting that Incubator tenant ProductivityNet received $250,000 in seed funding from iDeal Partners an Albany-based investor group. According to the article, this is the largest amount of venture capital raised by a student-run company in history.

First news of this investment broke in the Albany Times Union about ten days ago. The Times Union article points out that ProductivityNet won the student category of the Rensselaer-Lucent Business Plan Contest last year.

iDeal Partners is led by John Cavalier, MapInfo's co-chairman. MapInfo is a firm that has been associated with RPI since its founding by another group of Rensselaer students in 1986.

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